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Nonprofit · EIN 34-6575496

UNIVERSITY OF AKRON FOUNDATION

Tax-exempt · AKRON, OH 44325

Financials

$16.6M$18.8M2022$26.4M$24.8M2023$34.6M$23.5M2024
Revenue Expenses · by fiscal year end
Financials of UNIVERSITY OF AKRON FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$34,589,377$23,480,054$11,109,323$313,781,272$8,849,417$304,931,855
June 30, 2024990$26,360,400$24,843,394$1,517,006$277,324,523$9,353,031$267,971,492
June 30, 2023990$16,632,940$18,797,090-$2,164,150$251,625,335$8,976,164$242,649,171
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$18,572,532
Program service revenue
$0
Investment income
$16,016,845
Net gain from sales of assets
$10,470,422
Other revenue
$0

Expenses

Grants and similar amounts paid
$15,850,177
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$9,289
Accounting fees
$37,853
Program services (functional)
$15,850,177
Management and general (functional)
$6,701,025
Fundraising (functional)
$928,852

Balance sheet and other

Total assets, start of year
$277,324,523
Total assets, end of year
$313,781,272
Total liabilities, end of year
$8,849,417
Net assets, end of year
$304,931,855
Land, buildings and equipment
$1,332,423
Publicly traded securities
$84,831,969
Net assets without donor restrictions
$16,941,906
Net assets with donor restrictions
$287,989,949
Gross unrelated business income
-$182,589
Gross receipts
$42,931,380
Employees
0
Volunteers
785
Year formed
1966
State of legal domicile
OH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
RJ NEMEREX-OFFICIO DIRECTOR
Officer
0.4$0$411,629$61,177
JOHN WIENCEKEX-OFFICIO DIRECTOR - LEFT MAY 2025
Officer
0.4$0$351,214$77,886
KIMBERLY M COLEEXECUTIVE DIRECTOR
Officer
39$0$181,510$48,489
MISTY VILLERSEX-OFFICIO DIRECTOR
Officer
0.4$0$167,807$57,159
BARRY JUSTASSISTANT TREASURER
Officer
39$0$105,258$15,000
PHILIP A LLOYDDIRECTOR AND CHAIR
Trustee or director, Officer
1.4$0$0$0
PAMELA S WILLIAMSDIRECTOR AND VICE CHAIR
Trustee or director, Officer
0.9$0$0$0
KATHRYN W DINDODIRECTOR AND VICE CHAIR
Trustee or director, Officer
0.9$0$0$0
IRVIN J MUSSONSECRETARY
Trustee or director, Officer
1$0$0$0
JOHN R ADAMSDIRECTOR
Trustee or director
0.3$0$0$0
LEWIS W ADKINSDIRECTOR
Trustee or director
0.1$0$0$0
ANTHONY J ALEXANDERDIRECTOR
Trustee or director
0.3$0$0$0
LARRY W ALLENDIRECTOR
Trustee or director
0.1$0$0$0
ROLAND H BAUERDIRECTOR
Trustee or director
0.1$0$0$0
FRANK P BEVILACQUADIRECTOR
Trustee or director
0.2$0$0$0
28 more people on this return
NameTitleHours / weekCompensation
CHRISTOPHER J BURNHAMDIRECTOR
Trustee or director
0.1$0
KEITH A CLINEDIRECTOR
Trustee or director
0.2$0
STEVEN S COXDIRECTOR
Trustee or director
0.2$0
MICHAEL D CROMEDIRECTOR
Trustee or director
0.2$0
SAMUEL D DESHAZIORDIRECTOR
Trustee or director
0.2$0
DURIYA A DHINOJWALADIRECTOR
Trustee or director
0.1$0
CARINA S DIAMONDDIRECTOR
Trustee or director
0.3$0
LAURA DUDADIRECTOR
Trustee or director
0.2$0
NAOMI D GANOEDIRECTOR
Trustee or director
0.1$0
JOSEPH M GINGODIRECTOR
Trustee or director
0.5$0
CHRISTOPHER V GOFFDIRECTOR
Trustee or director
0.1$0
DAVID M GRUBBDIRECTOR
Trustee or director
0.2$0
HALLE G JONES CAPERSDIRECTOR
Trustee or director
0.1$0
BRIAN C LAYMANDIRECTOR
Trustee or director
0.4$0
RAYMOND K LEEDIRECTOR
Trustee or director
0.2$0
RAJKUMAR MAKAMDIRECTOR
Trustee or director
0.2$0
JAMES D MCCOOLDIRECTOR
Trustee or director
0.3$0
JENIFER MEADEDIRECTOR
Trustee or director
0.2$0
THEODORA MUSSONDIRECTOR
Trustee or director
0.2$0
SANDRA PIANALTODIRECTOR
Trustee or director
0.2$0
JOSEPH E REECEDIRECTOR
Trustee or director
0.3$0
WILLIAM H SKEELESDIRECTOR
Trustee or director
0.2$0
REBECCA SLAYMAN-GALLAGHERDIRECTOR
Trustee or director
0.2$0
GLEN L STEPHENSDIRECTOR
Trustee or director
0.1$0
CHRISTOPHER T TEODOSIODIRECTOR
Trustee or director
0.2$0
MARLENE K TOOTDIRECTOR
Trustee or director
0.3$0
ERNEST VARGO IIDIRECTOR
Trustee or director
0.1$0
GWYNETH PRICEEX-OFFICIO DIRECTOR
Officer
0.4$0
990 for the year ended June 30, 2024: 39 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
GARY L MILLEREX-OFFICIO DIRECTOR
Trustee or director, Officer
0.4$0$527,440$47,484
JOHN WIENCEKEX-OFFICIO DIRECTOR
Trustee or director, Officer
0.4$0$351,270$48,869
DALLAS GRUNDYEX-OFFICIO DIRECTOR
Trustee or director, Officer
0.4$0$253,965$31,979
KIMBERLY M COLEEXECUTIVE DIRECTOR
Officer
10$0$176,577$28,792
PHILIP A LLOYDDIRECTOR AND CHAIR
Trustee or director, Officer
1.4$0$0$0
KATHRYN W DINDODIRECTOR AND VICE CHAIR
Trustee or director, Officer
0.9$0$0$0
IRVIN J MUSSONSECRETARY
Trustee or director, Officer
1$0$0$0
PAMELA S WILLIAMSDIRECTOR AND VICE CHAIR
Trustee or director, Officer
0.9$0$0$0
CHRISTOPHER T TEODOSIODIRECTOR
Trustee or director
0.2$0$0$0
DURIYA A DHINJWALADIRECTOR
Trustee or director
0.1$0$0$0
HALLE G JONES CAPERSDIRECTOR
Trustee or director
0.1$0$0$0
GLEN L STEPHENSDIRECTOR
Trustee or director
0.1$0$0$0
MARLENE K TOOTDIRECTOR
Trustee or director
0.3$0$0$0
BRIAN C LAYMANDIRECTOR
Trustee or director
0.4$0$0$0
JAMES D MCCOOLDIRECTOR
Trustee or director
0.3$0$0$0
REBECCA SLAYMAN-GALLAGHERDIRECTOR
Trustee or director
0.2$0$0$0
JOESPH E REECEDIRECTOR
Trustee or director
0.3$0$0$0
PHILIP S THOMPSONDIRECTOR
Trustee or director
0.3$0$0$0
SANDRA PIANALTODIRECTOR
Trustee or director
0.2$0$0$0
WILLIAM H SKEELESDIRECTOR
Trustee or director
0.2$0$0$0
THEODORA MUSSONDIRECTOR
Trustee or director
0.2$0$0$0
MICHAEL D CROMEDIRECTOR
Trustee or director
0.2$0$0$0
RAYMOND K LEEDIRECTOR
Trustee or director
0.2$0$0$0
RAJKUMAR MAKAMDIRECTOR
Trustee or director
0.2$0$0$0
JENIFER MEADEDIRECTOR
Trustee or director
0.2$0$0$0
NAOMI D GANOEDIRECTOR
Trustee or director
0.1$0$0$0
JOHN R ADAMSDIRECTOR
Trustee or director
0.3$0$0$0
FRANK P BEVILACQUADIRECTOR
Trustee or director
0.2$0$0$0
ANTHONY J ALEXANDERDIRECTOR
Trustee or director
0.3$0$0$0
SAMUEL D DESHAZIORDIRECTOR
Trustee or director
0.2$0$0$0
CARINA S DIAMONDDIRECTOR
Trustee or director
0.3$0$0$0
LARRY W ALLENDIRECTOR
Trustee or director
0.1$0$0$0
DENNIS H GARTMANDIRECTOR
Trustee or director
0.8$0$0$0
CHRISTOPHER V GOFFDIRECTOR
Trustee or director
0.1$0$0$0
DAVID M GRUBBDIRECTOR
Trustee or director
0.2$0$0$0
KEITH A CLINEDIRECTOR
Trustee or director
0.2$0$0$0
STEVEN S COXDIRECTOR
Trustee or director
0.2$0$0$0
LAURA DUDADIRECTOR
Trustee or director
0.2$0$0$0
JOSEPH M GINGODIRECTOR
Trustee or director
0.5$0$0$0
990 for the year ended June 30, 2023: 45 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
GARY L MILLEREX-OFFICIO DIRECTOR
Trustee or director, Officer
0.4$0$531,160$63,217
JOHN WIENCEKEX-OFFICIO DIRECTOR
Trustee or director, Officer
0.4$0$347,291$60,191
DALLAS GRUNDYEX-OFFICIO DIRECTOR
Trustee or director, Officer
0.4$0$317,340$55,327
KIMBERLY M COLEEXECUTIVE DIRECTOR
Officer
10$0$166,427$33,573
SAMEER ALRAMAHIFORMER CONTROLLER
Officer
0.4$0$116,576$32,866
DENNY CLUTTERASSISTANT TREASURER
Officer
39$0$85,144$20,440
PHILIP A LLOYDDIRECTOR AND FORMER CHAIR
Trustee or director, Officer
1.4$0$0$0
PAMELA S WILLIAMSDIRECTOR AND VICE CHAIR
Trustee or director, Officer
0.9$0$0$0
KATHRYN W DINDODIRECTOR AND VICE CHAIR
Trustee or director, Officer
0.9$0$0$0
JOHN R ADAMSDIRECTOR
Trustee or director
0.3$0$0$0
LARRY W ALLENDIRECTOR
Trustee or director
0.1$0$0$0
FRANK P BEVILACQUADIRECTOR
Trustee or director
0.2$0$0$0
EILEEN E BURGFORMER DIRECTOR
Trustee or director
0.3$0$0$0
SAMUEL D DESHAZIORDIRECTOR
Trustee or director
0.2$0$0$0
CARINA S DIAMONDDIRECTOR
Trustee or director
0.3$0$0$0
LAURA DUDADIRECTOR
Trustee or director
0.2$0$0$0
DENNIS H GARTMANDIRECTOR
Trustee or director
0.8$0$0$0
CHRISTOPHER V GOFFDIRECTOR
Trustee or director
0.1$0$0$0
DAVID M GRUBBDIRECTOR
Trustee or director
0.2$0$0$0
JOSEPH C HETEDIRECTOR
Trustee or director
0.1$0$0$0
RAYMOND K LEEFORMER DIRECTOR
Trustee or director
0.2$0$0$0
RAJKUMAR MAKAMDIRECTOR
Trustee or director
0.2$0$0$0
JAMES D MCCOOLDIRECTOR
Trustee or director
0.3$0$0$0
THEODORA MUSSONDIRECTOR
Trustee or director
0.2$0$0$0
STEPHEN E MYERSFORMER DIRECTOR
Trustee or director
0.5$0$0$0
SANDRA PIANALTODIRECTOR
Trustee or director
0.2$0$0$0
RICHARD W POGUEFORMER DIRECTOR
Trustee or director
0.4$0$0$0
JAMES M PULKFORMER DIRECTOR
Trustee or director
0.3$0$0$0
JOESPH E REECEDIRECTOR
Trustee or director
0.3$0$0$0
LAWRENCE J RYBKADIRECTOR
Trustee or director
0.3$0$0$0
REBECCA SLAYMAN-GALLAGHERFORMER DIRECTOR
Trustee or director
0.2$0$0$0
CRAIG S TAYLORDIRECTOR
Trustee or director
0.1$0$0$0
PHILIP S THOMPSONDIRECTOR
Trustee or director
0.3$0$0$0
MARLENE K TOOTDIRECTOR
Trustee or director
0.3$0$0$0
SUSAN S WAGSTAFFFORMER DIRECTOR
Trustee or director
0.3$0$0$0
PAUL SMUCKER WAGSTAFFDIRECTOR
Trustee or director
0.1$0$0$0
GLEN L STEPHENSDIRECTOR
Trustee or director
0.1$0$0$0
HALLE G JONES CAPERSDIRECTOR
Trustee or director
0.1$0$0$0
IRVIN J MUSSONSECRETARY
Trustee or director
1$0$0$0
DURIYA A DHINJWALADIRECTOR
Trustee or director
0.1$0$0$0
ANTHONY J ALEXANDERDIRECTOR
Trustee or director
0.2$0$0$0
MICHAEL D CROMEDIRECTOR
Trustee or director
0.2$0$0$0
WILLIAM H SKEELESDIRECTOR
Trustee or director
0.2$0$0$0
JENIFER MEADEDIRECTOR
Trustee or director
0.2$0$0$0
CHRIS T TEODOSIODIRECTOR
Trustee or director
0.2$0$0$0

Address and contacts

Address (IRS master file)
302 BUCHTEL MALL, AKRON, OH 44325-6220
Principal officer (990 for 2024)
KIMBERLY COLE, 302 BUCHTEL COMMON, AKRON, OH 443256220
Signed the 990
BARRY JUST, ASSISTANT TREASURER
Phone
(330) 972-5088
Return prepared by
CLIFTONLARSONALLEN LLP

Mission

THE UNIVERSITY OF AKRON FOUNDATION EXISTS TO STRENGTHEN THE UNIVERSITY'S FUTURE BY SECURING AND MANAGING PHILANTHROPIC GIFTS THAT FUND SCHOLARSHIPS, ACADEMIC PROGRAMS, AND CAMPUS IMPROVEMENTS.

990 for the year ended June 30, 2025

Program accomplishments

  • A CORNERSTONE OF THE UNIVERSITY OF AKRON FOUNDATION'S MISSION IS THE DEDICATED STEWARDSHIP OF DONOR-ESTABLISHED ENDOWMENTS. BY CAREFULLY HONORING THE PHILANTHROPIC INTENT OF OUR DONORS, THE FOUNDATION PLAYS A PIVOTAL ROLE IN EXPANDING STUDENT ACCESS THROUGH VITAL FINANCIAL AID. IN THE FISCAL YEAR ENDING JUNE 30, 2025, THIS COMMITMENT TRANSLATED INTO SUPPORT FOR APPROXIMATELY 1,000 SCHOLARSHIP ACCOUNTS ACROSS THE UNIVERSITY, ENSURING THAT DONOR LEGACIES CONTINUE TO EMPOWER THE NEXT GENERATION OF STUDENTS.
    Expenses $4,656,723 · grants $4,656,723
  • ACADEMIC/ADMINISTRATIVE SUPPORT:: THE UNIVERSITY OF AKRON FOUNDATION PROVIDES MANY OPPORTUNITIES FOR STUDENTS AND FACULTY TO GROW AND EXCEL THROUGH ACADEMIC SUPPORT. DURING THE FISCAL YEAR ENDED JUNE 30, 2025, THE FOUNDATION HELPED FUND APPROXIMATELY 100 COLLEGE AND DEPARTMENT ACCOUNTS, 14 ACADEMIC CHAIR ACCOUNTS, 19 LECTURESHIP ACCOUNTS, 30 FELLOWSHIP ACCOUNTS, 12 INTERNSHIP ACCOUNTS, 10 PROFESSORSHIP ACCOUNTS, 8 CENTER ACCOUNTS, AND 4 INSTITUTE ACCOUNTS.
    Expenses $4,407,178 · grants $4,407,178
  • PHYSICAL IMPROVEMENTS AND OPERATIONAL SUPPORT: THE UNIVERSITY OF AKRON FOUNDATION CONTINUES TO SUPPORT THE UNIVERSITY OF AKRON CAMPUS ENHANCEMENTS BY FUNDING OR HELPING TO FUND PHYSICAL IMPROVEMENTS. IN 2024-25, THE SPENDING FOR THE THREE LARGEST FACILITY IMPROVEMENTS WERE THE FOLLOWING:1) $1,555,361 POLSKY BUILDING RENOVATION2) $392,0527 HOWER HOUSE OPERATIONS3) $147,500 ATHLETICS TRACK RENOVATION
    Expenses $4,342,589 · grants $4,342,589
  • AUXILIARY PROGRAMS: THE UNIVERSITY OF AKRON FOUNDATION PROVIDED DONOR-DESIGNATED FINANCIAL ASSISTANCE FOR A BROAD RANGE OF UNIVERSITY FUNCTIONS AND FACILITIES. SOME OF THESE INCLUDED INTERNSHIPS, LECTURESHIPS, AND FACILITY MAINTENANCE ITEMS.
    Expenses $2,443,687 · grants $2,443,687

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
34-6575496
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Organization supporting a government college or university
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1966
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B110)
Assets (IRS master file)
$313,781,272
Income (IRS master file)
$42,931,380

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$34,589,377$23,480,054$313,781,272IRS
990-TJune 2025–––IRS
990June 2024$26,360,400$24,843,394$277,324,523IRS
990-TJune 2024–––IRS
990June 2023$16,632,940$18,797,090$251,625,335XML
990-TJune 2023–––IRS
990June 2022$26,694,571$17,424,752$239,703,778IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-6575496).

Questions about UNIVERSITY OF AKRON FOUNDATION

What is the EIN of UNIVERSITY OF AKRON FOUNDATION?
The employer identification number (EIN) of UNIVERSITY OF AKRON FOUNDATION is 34-6575496.
Is UNIVERSITY OF AKRON FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
Are donations to UNIVERSITY OF AKRON FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does UNIVERSITY OF AKRON FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of UNIVERSITY OF AKRON FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UNIVERSITY OF AKRON FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of UNIVERSITY OF AKRON FOUNDATION?
The 990 for the year ended June 30, 2025 names KIMBERLY COLE.
Who are the officers and directors of UNIVERSITY OF AKRON FOUNDATION?
The 990 for the year ended June 30, 2025 lists 43 people; 0 received compensation from the organization.
How much revenue does UNIVERSITY OF AKRON FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $34,589,377, expenses of $23,480,054 and total assets of $313,781,272 at year end.

Other nonprofits in AKRON

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